Copper Trend Today Technical Analysis for 03-12-2019 20:00:04

by wealthmann

December 3, 2019

25

In 1 hour chart Copper price continues to trade at 429.9 and below the (Exponential Moving Average)EMA200 value of 433.567 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Copper continues to trade below level, that could be an extraordinarily Bearish sign for Copper

Even so, the 200-candle Exponential moving average (EMA) price range of 433.567 is proving a tough nut to crack.

Pivot (invalidation): 432.883

Our preference: Long positions above 434.317

Alternative scenario: Below 430.767 look for further downside.

Support Resistance Levels For Copper Today at 03-12-2019 20:00:04

Pivot: 432.883

Resistance 1: 434.317

Resistance 2: 436.433

Resistance 3: 437.867

Support 1: 430.767

Support 2: 429.333

Support 3: 427.217

Yesterday High Low Close For Copper

Yesterday High: 435

Yesterday Low: 431.45

Yesterday Close: 432.2

Today at 03-12-2019 20:00:04 Copper trading at 429.9 with high of 432.6 and low of 429.1